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Tuesday, June 18, 2019
HomeNewsEconomyAdvance Monthly Retail Sales for May Gain Solidly, April Revised Higher

Advance Monthly Retail Sales for May Gain Solidly, April Revised Higher

Group of friends sitting outdoors with shopping bags; several people holding smartphones and tablets. (Photo: AdobeStock/ OneInchPunch/PPD)

April Retail Sales Revised Higher From -0.2% to +0.3%

Group of friends sitting outdoors with shopping bags; several people holding smartphones and tablets. (Photo: AdobeStock/ OneInchPunch/PPD)
Group of friends sitting outdoors with shopping bags; several people holding smartphones and tablets. (Photo: AdobeStock/ OneInchPunch/PPD)

The U.S. Census Bureau reported advance monthly retail sales were $519.0 billion, a gain of 0.5% (±0.5%) from April and 3.2% (±0.7%) above May 2018. Figures are adjusted for seasonal variation and holiday and trading-day differences, but not for price changes.

IndicatorPriorRevisedConsensus ForecastForecast RangeActual
Retail Sales – M/M ∆-0.2%0.3%0.7%0.4% to 0.9%0.5%
Retail Sales less autos – M/M ∆0.1%0.5%0.4%0.0% to 0.6%0.5%
Less Autos & Gas – M/M ∆-0.2%0.3%0.4%0.1% to 0.5%0.5%
Control Group – M/M ∆0.0%0.4%0.4%0.1% to 0.5%0.5%

Total sales for the quarter from March 2019 through May 2019 were up 3.6% (±0.5%) from the same period a year ago. Retail sales from March 2019 to April 2019 were revised from down 0.2% (±0.5%) to up 0.3% (±0.1%).

Retail trade sales were up 0.5% (±0.5%) from April 2019, and 3.1% (±0.7%) above last year.

Nonstore retailers were up 11.4% (±1.4%) from May 2018, and 1.4% from last month. Sporting goods, hobby, musical instrument, and book stores were down 4.2% (±2.5%) from last year.

Motor vehicle and parts dealers were estimated at $115.39 billion, a gain of 0.7% from last month and 2.5% from $106.227 billion in May 2018.

As People’s Pundit Daily (PPD) previously reported, U.S. light vehicle sales rose 6.2% to a seasonally-adjusted 17.40 million units in May, beating the consensus forecast and reversing the 6.1% decline in April.

Revised unadjusted estimates and adjusted estimates are scheduled for release on June 25, 2019 at 10:00 a.m. EDT.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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